"What I want to do actually in the context of this bubbly stock market is invest in the areas that are not bubbly and that have a lot of catch-up potential," he said. "They do exist.", which just completed its best year in a decade. Rosenberg views it as a safe haven asset.
"It has 1/5 of the volatility that bitcoin does," Rosenberg said. "I've been very bullish on gold, and I remain bullish on gold." The precious metal ended the year at $1,895.10 an ounce, a fraction of a percent below all-time highs. Disclosure: David Rosenberg is in the process of buying SPX puts. He owns energy and pipelines and gold.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘This bond market is so radically oversold,' economist David Rosenberg saysDavid Rosenberg of Rosenberg Research predicts inflation fears are temporary, and the 10-year Treasury Note yield will return to 1%. TradingNation Hello, Would you like to support our YouTube channel by subscribing? 😊 travel istanbul Turkey TradingNation dogecoin bonds TradingNation Lol that guy... is he ever right about anything?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks will fall at least 30% in a drawn-out bear market, investor David Tice warnsFormer Prudent Bear Fund manager David Tice is cautious due to Washington policies, an overvalued market and Covid-19 vaccine concerns. TradingNation Again with this bullshit ? TradingNation He’s a world famous bear and he doesn’t even know what D.C. is going to do with business because not a thing has been announced aside from a plethora of assistance. I’d toss that mans report aside and handle the frothy market with caution but no, 30% no maybe 10-15% over a year TradingNation
Source: CNBC - 🏆 12. / 72 Read more »
Why Warren Buffett and David Tepper are loading up on energy stocks'The Chevron bet is a classic Berkshire deep value play and a play on the rebounding economy,' Cathy Seifert, a Berkshire analyst at CFRA Research. ENERGYYYYYY $XLE Warren, stay away from Texas energy Y’all really needed to write an article as to WHY? 🥴 I think most of us know why.....
Source: CNBC - 🏆 12. / 72 Read more »
Revealed: David Perdue bought bank stocks after meeting financial officialsGeorgia Republican facing Senate runoff bought significant shares in US bank after meeting with financial policy makersDavid Perdue, the Georgia Republican facing a Senate runoff election on Tuesday, has twice bought a significant number of shares in a US bank shortly after meeting with financial policy makers, raising more questions about his prolific stock trading while in office.In one case, in May 2015, Perdue bought between $15,000 and $50,000 worth of shares in Regions Financial Corporation two days after a 10-minute phone call with then treasury secretary Jack Lew.Perdue bought additional shares in the bank two years later, on 18 May 2017, two days after a half-hour meeting with then Federal Reserve chair Janet Yellen.It is not clear in either case if Perdue discussed relevant financial regulation or other market-sensitive issues with Lew or Yellen or whether the discussions influenced his decision to buy the stock.At the time of the call with Lew, members of the Senate banking committee, on which Perdue sits, were engaged in close talks over a potential trade deal.But the purchase of more Regions stock in the wake of Perdue’s meeting with Yellen – who will be nominated to serve as treasury secretary by Joe Biden once the president-elect takes office – is possibly significant, because it came about two months before Yellen publicly discussed her support for raising the $50bn asset threshold for systemically important institutions, a change that meant Regions bank could see an easing of important financial regulations.As Yellen’s views on the topic publicly evolved in her role as chair of the Fed, so did Perdue’s buildup of stock in Regions. Perdue separately sought to advance deregulatory legislation that would be favorable for banks like Regions, which Regions and more than a dozen other banks publicly endorsed.Public records show that Perdue sold his full stake in Regions on 11 October 2019 and on 23 October 2019, suggesting that Perdue may have made a 21%
Source: YahooNews - 🏆 380. / 59 Read more »
Cramer says David Tepper thinks it's hard to bet against stocks with Fed backing, vaccine rollout'I don't want to say he's wildly bullish. I would say he's very constructive,' CNBC's Jim Cramer said of David Tepper. Hey jimcramer can you call Dave back and get him to trade for DeShaun Watson? We can’t draft the 4th best QB in this draft at 8, that’s nuts. jennablan Seems like David Tepper always comes on CNBC whenever the market is at risk Fed backing, or fed printing?
Source: CNBC - 🏆 12. / 72 Read more »